The owner may mean "once upon a time at the height of the bubble I though it might be worth $750K."

Following the XIRR syntax, enter =XIRR(values, date) where the value and date arguments are designated by their cells, and you’ll obtain the IRR.

Of course the housing bubble was the catalyst in the end, but people had been struggling before the bubble burst.

But I'm no designer.

Not long ago before the housing bubble burst, I believe small real estate investors were simply hoping their rentals would pay for themselves over the course of time and have a nest egg to cash out at retirement.

We have a family owned business where we are licensed brokers/agenst, general contractor, electrical contractor, and an architectural designer, so it works for us.

The value for them may not be immediate equity by getting it at a low price but maybe they're willing to pay purchase plus rehab and be at 100% of market value, but have a house that is exactly what they want and all the finishes that they chose not someone else's design tastes.There are always a lot of different motivators out there for different people.

China has a huge RE bubble which will deflate with a bang, and Australia is too hot as well.

Numbers are right where they were before the bubble burst.

They will only have stock designs and a little marketing thing for them but better than not having anything and you can tell people these are temporary until you get the stuff I said setup. - Building a website: Cheap and easy to get something basic setup.